Associate, Asset Management

We are interested in every qualified candidate who is eligible to work in the United States. However, we are not able to sponsor visas.

About the role

Scion is paving a path in student living and we’re seeking a talented Asset Management Associate to join us in executing our vision. This position is responsible for optimizing operational performance, creating value at the individual asset and portfolio level, and mitigating portfolio risk. With direct oversight over a portfolio of owned assets, this role will incorporate a value-oriented approach to improve the long-term financial performance of the portfolio. The Asset Management Associate will work in a fast-paced, agile, corporate environment. This role demands principled industry knowledge, well-honed analytical skills, a proactive nature, and excellent communication.

Responsibilities

• Conduct on-site inspections of properties within assigned portfolio to develop a complete understanding of each property, opportunities for growth, and assess concerns.
• Communicate concerns to relevant stakeholders when expectations are not being met.
• Provide analytical support to determine the ROI of redevelopment prospects and other ad hoc property initiatives.
• Implement appropriate value-enhancing strategies through collaboration with corporate operations, capital, and investment management teams.
• Identify and analyze repositioning opportunities.
• Create financial models to justify major capital improvements and repositioning strategies. Opine on project scope, anticipated rent premiums, and own the ongoing implementation to ensure ROI is met.
• Complete periodic reporting on capital project and retail lease performance.
• Assist in creating investor-facing financial packages on a quarterly basis.
• Contribute to the annual budgeting process.
• Track local retail market trends to identify competitive business opportunities, work with local brokers to increase overall portfolio occupancy.
• Negotiate retail LOIs to determine quality agreements beneficial to the portfolio. Work through TI scopes, insurance compliance, rental rates, CAM charges, concessions, and ongoing tenant customer service.

The responsibilities listed above are not all-inclusive.

Qualifications

• Bachelor’s degree in real estate, finance, economics, or other STEM field.
• MBA or advanced degree is a plus.
• 3-5 years of relevant experience in real estate finance and analytics; prior experience specifically with asset management in commercial real estate.
• Advanced analytical skills with an ability to convey complex datasets and information to internal management and external partners.
• Advanced financial modeling skills and advanced proficiency with Microsoft Excel, Word, and PowerPoint.

Benefits

• Discretionary annual bonus
• Paid Time Off
• Health Insurance
• Dental Insurance
• Vision Insurance
• 401k Matching
• Paid Maternal Leave
• Parental Leave
• Learning reimbursement opportunities

Pay

Illinois Pay Range: $105,000—$125,000 USD (base + bonus + benefits). Our salary ranges are determined by role, level, and location. The range displayed reflects the minimum and maximum target for new hire salaries for the position across all US locations. Within the range, individual pay is determined by work location and additional factors, including job-related skills, experience, and relevant education or training.

Schedule

• Job location is based at Scion’s Chicago corporate office.
• Willingness to travel up to 20% of the time.
• Working hours consist of standard daytime business hours, with flexibility during peak periods.